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Investment Highlights

  • Strategic corner location positioned at a signalized intersection with high visibility
  • Significant frontage and multiple points of ingress/egress
  • High daily traffic counts with approximately 24,200
  • Convenient access to Highway 99 on/off ramps, providing quick regional connectivity

Executive Summary

1735 E. Walnut Avenue offers investors, owner-users, and redevelopment buyers the opportunity to acquire a freestanding commercial asset positioned at one of southeast Visalia's prominent signalized intersections. Located at the corner of Walnut Avenue and Ben Maddox Way, the property combines substantial street frontage, multiple access points, and a highly visible presence within an established commercial corridor serving surrounding residential neighborhoods, educational institutions, and healthcare facilities.
The property consists of a freestanding building constructed in 2006 and situated on approximately 1.56 acres. Its former pharmacy configuration includes a rare double drive-thru design and extensive on-site parking, creating flexibility for a variety of future retail, medical, healthcare, financial services, or specialty commercial uses. The site's single-tenant layout also provides opportunities for owner-occupancy, repositioning, adaptive reuse, or redevelopment strategies depending on buyer objectives.
Regional accessibility further strengthens the investment profile. The property is located approximately one mile from Highway 198, providing convenient connectivity throughout Visalia and the greater Central Valley. Nearby demand generators include College of the Sequoias, Kaweah Health Urgent Care, Mt. Whitney High School, multiple elementary and middle schools, and established residential developments. These surrounding uses contribute to consistent consumer activity and support a broad range of commercial operations.
With its signalized hard-corner location, established infrastructure, substantial parking field, and flexible redevelopment potential, 1735 E. Walnut Avenue represents a compelling opportunity to acquire a highly visible commercial asset within one of California's primary agricultural and regional service markets.

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Lease Option
Property Type
Retail
Property Subtype
Drug Store
Building Size
17,570 SF
Building Class
B
Year Built
2006
Price
$3,950,000
Price Per SF
$224.82
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.56 AC
Zoning
CN - Commercial
Parking
70 Spaces (4.04 Spaces per 1,000 SF Leased)
Frontage
121’ on E Walnut Ave

Amenities

  • Bus Line
  • Signalized Intersection
  • Drive Thru

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • $16.20
  • Double Net
  • Mar 2033

Rite Aid Corporation is on the front lines of delivering health care services and retail products to over one million Americans daily. Their pharmacists are uniquely positioned to engage with customers and improve their health outcomes. Rite Aid Corporation provides an array of whole being health products and services for the entire family through their retail pharmacy locations across the United States.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer - $16.20 Double Net Mar 2033

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 17,570 SF
  • Retail
  • Outparcel
  • Now

1735 E. Walnut Avenue presents a rare opportunity to lease a freestanding retail or medical redevelopment property at the signalized intersection of Walnut Avenue and Ben Maddox Way in Visalia, California. The single-tenant building offers a highly visible presence with frontage on two major thoroughfares, multiple points of ingress and egress, and a layout that supports a variety of healthcare, retail, service, and customer-focused uses.

Space Size Space Use Position Available
1st Floor 17,570 SF Retail Outparcel Now

1st Floor

Size
17,570 SF
Space Use
Retail
Position
Outparcel
Available
Now

1st Floor

Size 17,570 SF
Space Use Retail
Position Outparcel
Available Now

1735 E. Walnut Avenue presents a rare opportunity to lease a freestanding retail or medical redevelopment property at the signalized intersection of Walnut Avenue and Ben Maddox Way in Visalia, California. The single-tenant building offers a highly visible presence with frontage on two major thoroughfares, multiple points of ingress and egress, and a layout that supports a variety of healthcare, retail, service, and customer-focused uses.

Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Nearby Major Retailers

Merced Toyota
Save Mart

Property Taxes

Property Taxes

Parcel Number
100-410-049-000
Land Assessment
$825,000
Improvements Assessment
$2,500,000
Total Assessment
$3,325,000
  • Listing ID: 37333961

  • Date on Market: 8/19/2025

  • Last Updated:

  • Address: 1735 E Walnut Ave, Visalia, CA 93292

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